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					                           Reinsurance Association of America
                             Reinsurance Education Institute




                    Cat Modeling 2011: Catastrophe Management –
                Road Map to the Future of Modeling and Technology
                              February 8-10, 2011, Orlando, FL
Cat Modeling 2011 provides an unbiased view of catastrophe models and their impact on risk management.
The program features provocative discussion from industry executives and the leading modelers on a
variety of scientific, engineering and statistical concepts that form the foundation of catastrophe models
and their growing influence on managing risk. The conference is an invaluable networking opportunity for
modeling developers and users alike.
General sessions include worldwide cat events, high performance computing, cat maritime terrorism and
piracy, IBHS wind research, model comparison, and a political update on catastrophes and the government.
Also featured are panel discussions and breakout sessions on a wide range of catastrophic risk topics
including data quality, Solvency II, storm surge/flood, business interruption, 2010 earthquakes,
thunderstorm peril models, and more.
The conference concludes with an optional session and Risk Management Backlot Tour of Disney.
Who Should Attend
 • Professionals from financial institutions – including insurers, reinsurers, and investment banks –
   who are responsible for risk management functions related to catastrophe risk
 • Attorneys who specialize in reinsurance
 • Academics
 • Federal/state government professionals
 • Regulators/staff

2011 CAT MODELING SPONSORS
        CAT MODELING 2011 WORKING AGENDA - VISIT                             WWW.REINSURANCE.ORG FOR                  UPDATES


                                                                      “RAA does an excellent job putting
                                                                      together a comprehensive program. It
                                                                      seems to attract the who’s who in the
                   Tuesday, February 8, 2011                          cat modeling world.”
8:00 a.m.   Cat Modeling Registration Opens
                                                                                             Jack Nicholson,
                                                                        Florida Hurricane Catastrophe Fund
10:00 a.m. ISCM Fifth Annual Meeting of Members
           Carl Hedde, SVP, Head of Risk Accumulation,
           Munich RE America, ISCM President                          “The best forum for objective, balanced
            Future of Extreme Weather                                 modeling information in the industry.”
            Jeff Masters, PhD, Director of Meteorology, Weather
            Underground
                                                                                Randall Reese, American Ag

11:30 a.m. Lunch
                                                                      “Very insightful and informative. It’s
12:30 p.m. Welcome and Introduction
                                                                      refreshing to hear unbiased views.”
            Frank Nutter, President, RAA
            Carl Hedde, SVP, Head of Risk Accumulation,                             Nicholas DiMuzio, XL Re
            Munich RE America
1:00 p.m.   2010 Worldwide Cat Events - Year in Review
            Carl Hedde, SVP, Head of Risk Accumulation,               “An event that is not only informative on
            Munich RE America                                         current industry issues facing
            • Gulf Oil Spill                                          catastrophe modelers, but also very well
            • US Floods
                                                                      organized.”
            • Northeast Winter Storms
            • Australian Hail                                                     Robert DuBien, Partner Re
            • Chilean Earthquake
            • Icelandic Volcanoes
2:00 p.m.   High Performance Computing
            Kyril Faenov, General Manager, High Performance &             tice for modeling tropical cyclones and earthquakes.
            Parallel Computing Technologies, Microsoft                    The discussion includes stochastic event sets, site in-
            Parallel computing and high performance computing             tensity calculations, and vulnerability curves.
            bring together complementary technologies to simplify         Future of Catastrophe Modeling Software
            the complexity and difficulty of expressing problems.
                                                                          Rowan Douglas, CEO - Global Analytics, Willis Re
3:30 p.m.   The Use of Laboratory Process Models for
                                                                          Gero Michel, PhD, Managing Director, Willis Research
            Pandemic Planning
                                                                          Network
            Joseph Miller, PhD, Chief Laboratory Preparedness
                                                                          CAT Bond Market Update
            Officer, Influenza Division, Centers for Disease
            Control and Prevention                                        Craig Wenzel, Director, Insurance Capital Markets,
                                                                          Deutsche Bank Securities
5:00 p.m.   Breakout Sessions
                                                                          The CAT bond market has experienced wide swings in
            Lessons Learned From 2010 Earthquakes (Chile/
                                                                          expectations and promise, and continues to mature and
            Haiti/New Zealand)
                                                                          change. Discussions will cover the range of successes
            General Modeling Basics                                       in the past as well as some current projections of what
            Mani Subramani, VP, Partner Re                                might occur in the near future.
            This session explores the four basic building blocks of       Life, Liberty and the Pursuit of Data Quality
            catastrophe models and how they are adapted in prac-          David Langdon, VP, Towers Watson
       CAT MODELING 2011 WORKING AGENDA - VISIT                                       WWW.REINSURANCE.ORG FOR                  UPDATES
                                                                                  •   Overview of other relevant issues (functional roles,
                                                                                      data quality, etc.)
                                                                                  Data Communication Within the Catastrophe
                                                                                  Management Food Chain
                                                                                  Robert Stevenson, Head of Insurance Operations, Kiln
                                                                                  Group
            This session will review the underwriting/modeling pro-               This session reviews the role and responsibility of ca-
            cess, analyze the impact key data elements have on                    tastrophe modelers to communicate, implement and
            modeling results, and explore the role that technology                evolve catastrophe modeling within an organization to
            can play in implementing solutions.                                   facilitate successful implementation strategy and over-
            Non-Modeled Losses and Understated Modeled                            come preconceived ideas and build credibility in a com-
            Results: An Interactive Workshop                                      pany.
            Facilitator: Ron Nash, Partner, NCR Global                            Understanding Thunderstorm Peril Models
            An investigation on how modeled loss curves can give                  Mark Bove, Senior Research Meteorologist, Risk Ac-
            a false sense of security when thinking about expected                cumulation Unit, Munich RE
            loss. The session will be interactive.                                Thunderstorm perils are a major driver of insured
6:00 p.m.   Reception                                                             catastrophe losses in the U.S., averaging $7.3 billion
                                                                                  a year. Although thunderstorm peril models have been
                Wednesday, February 9, 2011                                       available for over ten years, many in the industry still
7:00 a.m.   Breakfast                                                             view these models – and their results – as suspect.
                                                                                  This session focuses on the unique challenges
8:30 a.m.   Maritime Terrorism and Piracy
                                                                                  associated with thunderstorm peril modeling, and how
            Peter Chalk, PhD, Senior Political Scientist, RAND                    commercial modelers address these challenges and
9:30 a.m.   Political Update: Catastrophes and the Government                     interpret results.
            Frank Nutter, President, RAA                                          Market Benchmarks for European Catastrophe
            • State and Federal Cat Funds                                         Exposure & Loss
            • NFIP                                                                Luzi Hitz, PhD, CEO, PERILS
            • Impact of budget updates on TRIPA and the                           Eduard Held, PhD, Head of Products and Marketing,
              Industry                                                            PERILS
10:30 a.m. IBHS Wind Research Facility: Impact on Building                        Myths of Underwriting Flood Insurance
           and Insurance Industries                                               Andrew Castaldi, SVP, Swiss Re
            Julie Rochman, President & CEO, Institute for Busi-                   Frank Nutter, President, RAA
            ness and Home Safety (IBHS)
                                                                        12:30 p.m. Lunch
11:30 a.m. Breakout Sessions
                                                                        1:30 p.m. Breakout Sessions
            Future of Catastrophe Modeling Software
                                                                                  Non-Modeled Losses and Understated Modeled
            Rowan Douglas, CEO - Global Analytics, Willis Re
                                                                                  Results: An Interactive Workshop
            Gero Michel, PhD, Managing Director, Willis Research
                                                                                  Facilitator: Ron Nash, Partner, NCR Global
            Network
                                                                                  An investigation on how modeled loss curves can give
            Solvency II, Internal Models and Cat Modeling – A
                                                                                  a false sense of security when thinking about expected
            View From Europe
                                                                                  loss. The session will be interactive.
            Philip Whittingham, European Group Risk Manager,
                                                                                  Solvency II, Internal Models and Cat Modeling – A
            XL Group
                                                                                  View From Europe
            This session highlights the challenges posed by the
                                                                                  Philip Whittingham, European Group Risk Manager,
            introduction of Solvency II with particular reference to
                                                                                  XL Group
            catastrophe models. It will cover:
                                                                                  This session highlights the challenges posed by the
            •   Current state of Solvency II implementation
                                                                                  introduction of Solvency II with particular reference to
            •   Solvency II expectations relative to catastrophe risk             catastrophe models. It will cover:
                – the requirements and options
                                                                                  •   Current state of Solvency II implementation
            •   Internal modeling with regard to cat modeling - use
                test, modeling approaches, etc.
       CAT MODELING 2011 WORKING AGENDA - VISIT                                       WWW.REINSURANCE.ORG FOR                UPDATES
                                                                        Noon        Lunch
                                                                        1:00 p.m.   Federal Alliance for Safe Homes (FLASH)
                                                                                    Leslie Chapman-Henderson, President and CEO,
                                                                                    Federal Alliance for Safe Homes
                                                                        1:00 p.m.   Board Buses to Disney (Optional)
                                                                        2:00 p.m.   Inside View of Disney’s Risk Management
            •   Solvency II expectations relative to catastrophe risk               Strategies and a Backlot Tour
                – the requirements and options
                                                                                    Greg Hale, Chief Safety Officer and VP of Safety,
            •   Internal modeling with regard to cat modeling - use                 Accessibility and Advanced Technology, Disney Parks
                test, modeling approaches, etc.                                     and Resorts
            •   Overview of other relevant issues (functional roles,    5:00 p.m.   Board Buses Back to Hotel or on to Airport
                data quality, etc.)
            Business Interruption – Loss Development
            Kevin Flaherty, Partner, Matson Driscoll & Damico
            Storm Surge/Flood
            Howard Botts, PhD, CoreLogic
            Rating Agency Model
            Sarah Krutov, SVP & Chief Risk Officer, SCOR Re
            There is rarely a higher risk in a property/casualty
            insurer’s portfolio than that associated with exposure          “An independent catastrophe modeling
            to property catastrophes. This session provides an              conference, and a good opportunity for
            overview of the rating process and the role the assess-
            ment of catastrophe risk plays in it.
                                                                            networking.”
            Climate Change: Another Modelable Risk                                                Nicola Castree,
            Dail Rowe, Regional Manager, WeatherPredict                              Canopius Managing Agents
            Consulting
            Explore the possibilities of managing climate risk by
            utilizing models in much the same way as we manage              “In my opinion, the RAA conference is
            nat cat risk today. Discuss ways to gain a better un-           the only forum to truly promote
            derstanding of the potential variation from expected
            values.                                                         thought-leadership in catastrophe
3:00 - 6:00 p.m. Modeler Breakout Sessions (3 Sessions)                     modeling.”
            Each of the modeling companies will present three                        JB Crozet, Amlin at Lloyd’s
            breakout sessions in order to allow access to multiple
            presenters:
            AIR                                                             “RAA provides a good forum for
            EQECAT                                                          discussing ideas and issues all along
            RMS
                                                                            the cat modeling food chain.”
6:00 p.m.   Reception
                                                                                        Monica Mullikin, Talbot
                  Thursday, February 10, 2011
                                                                                                   Underwriting
7:30 a.m.   Breakfast
8:30 a.m.   Model Comparison
            Andrew Castaldi, SVP, Swiss Re
10:30 a.m. Model Comparison Panel Discussion
            Moderator: David Durbin, SVP, Risk & Research,
            Partner Re
            AIR / EQE / RMS
                                                 REGISTRATION FORM
                  Cat Modeling 2011: Catastrophe Management – Road Map
                         to the Future of Modeling and Technology
                                             February 8-10, 2011; Orlando, FL

                                                                                       REGISTRATION
Full Name             _________________________________
Nickname              _________________________________            Select one of the following options to register:

Title                 _________________________________                •    Online at www.reinsurance.org
                                                                            (Click on Education, Cat Modeling
Organization          _________________________________                     Orlando)
Address               _________________________________
                                                                       •    Fax the completed form in this brochure to
City/State/Zip        _________________________________                     the RAA at 202.638.0936.
Country               _________________________________                •    Mail the completed form in this brochure to
Phone                 _________________________________                     the RAA at 1445 New York Avenue, NW,
                                                                             7th Floor, Washington, DC 20005.
E-mail                _________________________________
                                                                   The registration fee includes program materials,
CE Credits: I would like to receive continuing education           breakfasts, refreshment breaks, lunches, and evening
credits for:
                                                                   receptions. All attendees must be pre-registered; there
[ ] CPE [ ] CPD        [ ] CLE in the state of ________________.   is no onsite registration.
Payment is enclosed for:                                           Accommodations: The Peabody Hotel is offering
_______ $1650 Registration                                         attendees a discount rate of $189/night if reservations
_______ $1450 ISCM Members/RAA Association Partner
                                                                   are made by January 14, 2011. The hotel is located at
                                                                   9801 International Drive, Orlando, FL. Contact the
_______ $1250 RAA Members                                          hotel at 407.352.4000 or 1.800.PEABODY to make
_______ $ 750 Insurance Regulators                                 your room reservations; mention the Reinsurance
                                                                   Association of America room block to get the discount
______ $         35 Risk Management Tour of Disney (optional       rate.
                    but advance registration is required)
                                                                   Cancellation Policy: Seminar cancellations must be
                                                                   submitted to the RAA, either by email to
        Check or money order enclosed/payable to the
        Reinsurance Association of America (USD only)
                                                                   meetings@reinsurance,org, or by fax to 202.638.0936.
                                                                   Full refunds will be issued for cancellations received
        Credit Card                                                by January 18, 2010. No refunds will be issued after
   (Circle One: Master Card           VISA     AMEX )              that date; however, substitutes are welcome.
Name on Card: _________________________________                    Program/Registration Inquiries:          Contact
                                                                   800.259.0199 or e-mail meetings@reinsurance.org .
Card Number:          _________________________________
Expiration Date: _________________________________                 The conference is for educational purposes and will be held
                                                                   in strict compliance with the RAA’s antitrust policy.
Authorized Signature: _____________________________




                                          Reinsurance Association of America
                            1445 New York Avenue Avenue, NW, 7th Floor, Washington, DC 20005

				
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